New Avenue: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
New Avenue
Largest movements
- Tangible fixed assets -€11,691
down €11,691 (-27.6%), from €42,396 to €30,704
of which Leasing and similar rights: -€9,457
- Cash +€4,730
up €4,730 (+16.8%), from €28,084 to €32,814
mainly Depreciation (+€11,691) and Net result for the year (+€5,281)
- Receivables within one year -€1,251
down €1,251 (-8.8%), from €14,193 to €12,943
- Debts after one year -€9,547
down €9,547 (-34.9%), from €27,367 to €17,820
- Reserves +€5,281
up €5,281 (+18.7%), from €28,241 to €33,522
- Tax, wage and social debts -€4,553
down €4,553 (-25.6%), from €17,790 to €13,237
of which Taxes: -€4,553
- Gross operating margin -€8,634
down €8,634 (-25.6%), from €33,779 to €25,144
- Taxes -€878
down €878 (-15.9%), from €5,515 to €4,637
- Depreciation +€875
up €875 (+8.1%), from €10,816 to €11,691
- Financial charges -€610
down €610 (-25.6%), from €2,387 to €1,777
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,684 | €77,472 | -€8,213 | -9.6% |
| Fixed assets | 21/28 | €42,396 | €30,704 | -€11,691 | -27.6% |
| Tangible fixed assets | 22/27 | €42,396 | €30,704 | -€11,691 | -27.6% |
| Furniture and vehicles | 24 | €6,737 | €4,503 | -€2,234 | -33.2% |
| Leasing and similar rights | 25 | €35,658 | €26,201 | -€9,457 | -26.5% |
| Current assets | 29/58 | €43,289 | €46,768 | +€3,479 | +8.0% |
| Amounts receivable within one year | 40/41 | €14,193 | €12,943 | -€1,251 | -8.8% |
| Trade receivables | 40 | €14,193 | €12,943 | -€1,251 | -8.8% |
| Cash at bank and in hand | 54/58 | €28,084 | €32,814 | +€4,730 | +16.8% |
| Deferred charges and accrued income | 490/1 | €1,011 | €1,011 | = | 0.0% |
| Total equity and liabilities | 10/49 | €85,684 | €77,472 | -€8,213 | -9.6% |
| Equity | 10/15 | €30,041 | €35,322 | +€5,281 | +17.6% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €28,241 | €33,522 | +€5,281 | +18.7% |
| Distributable reserves | 133 | €28,241 | €33,522 | +€5,281 | +18.7% |
| Amounts payable | 17/49 | €55,643 | €42,150 | -€13,493 | -24.2% |
| Amounts payable after more than one year | 17 | €27,367 | €17,820 | -€9,547 | -34.9% |
| Financial debts | 170/4 | €27,367 | €17,820 | -€9,547 | -34.9% |
| Amounts payable within one year | 42/48 | €28,276 | €24,330 | -€3,946 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €9,112 | €9,547 | +€436 | +4.8% |
| Trade debts | 44 | €1,375 | €1,546 | +€171 | +12.5% |
| Suppliers | 440/4 | €1,375 | €1,546 | +€171 | +12.5% |
| Taxes, remuneration and social security | 45 | €17,790 | €13,237 | -€4,553 | -25.6% |
| Taxes | 450/3 | €17,790 | €13,237 | -€4,553 | -25.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,816 | €11,691 | +€875 | +8.1% |
| Other operating charges | 640/8 | €1,876 | €1,758 | -€118 | -6.3% |
| Gross operating margin | 9900 | €33,779 | €25,144 | -€8,634 | -25.6% |
| Operating profit (loss) | 9901 | €21,087 | €11,695 | -€9,392 | -44.5% |
| Financial charges | 65/66B | €2,387 | €1,777 | -€610 | -25.6% |
| Recurring financial charges | 65 | €2,387 | €1,777 | -€610 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €18,700 | €9,918 | -€8,782 | -47.0% |
| Income taxes | 67/77 | €5,515 | €4,637 | -€878 | -15.9% |
| Profit (loss) for the period | 9904 | €13,184 | €5,281 | -€7,904 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,184 | €5,281 | -€7,904 | -59.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.